Archive · 13 Dec 2025
3 Undervalued Infra Stocks with Strong Order Books
Imagine you're building a big Lego city.
You need lots of bricks and workers to make roads, bridges, and buildings.
There are some big, famous companies that everyone talks about, but there are also smaller, quieter companies that do a great job too.
These smaller companies, like KNR Constructions, PNC Infratech, and HG Infra Engineering, have lots of work lined up (called order books) and make good money.
But because they're not as famous, their stock prices are lower than they should be.
This means they could be a good deal for investors.
They're like the quiet kids in class who do all their homework and get good grades, but no one notices them right away.
KNR Constructions, PNC Infratech, and HG Infra Engineering are mid-cap infrastructure companies with strong order books and undervalued stock prices.
These companies have consistently maintained high operating margins and have shown steady profit growth over the past three years.
Despite their strong fundamentals, these companies trade at a significant discount to their peers in terms of P/E and EV/EBITDA ratios.
The Indian government's increased focus on infrastructure development is expected to benefit these companies in the long run.
Investors may be overlooking these companies due to their lack of high-profile projects and slower market recognition.
- Who
- KNR Constructions, PNC Infratech, HG Infra Engineering
- What
- Three mid-cap infrastructure companies with strong order books and undervalued stock prices
- When
- Q2FY26 financial results and current market analysis
- Where
- India
- Why
- These companies are benefiting from India's capital expenditure cycle and government infrastructure outlay
- KNR Constructions Revenue (Q2FY26)
- ₹646 crores
- KNR Constructions Net Profit (Q2FY26)
- ₹105 crores
- KNR Constructions 3-Year Profit Growth
- 45%
- KNR Constructions ROE
- 23%
- KNR Constructions P/E Ratio
- ~5.9×
- KNR Constructions EV/EBITDA
- ~6×
- KNR Constructions Order Book
- ₹8,216 crores
- PNC Infratech Revenue (Q2FY26)
- ₹1,128 crores
- PNC Infratech Net Profit (Q2FY26)
- ₹96 crores
- PNC Infratech 3-Year Profit Growth
- 12%
- PNC Infratech ROE
- 16%
- PNC Infratech P/E Ratio
- 15.7x
- PNC Infratech EV/EBITDA
- ~7.19×
- PNC Infratech Order Book
- ₹20,100 crores
- HG Infra Revenue (Q2FY26)
- ₹904 crores
- HG Infra Net Profit (Q2FY26)
- ₹52 crores
- HG Infra 3-Year Profit Growth
- 9%
- HG Infra ROE
- 23%
- HG Infra P/E Ratio
- ~12x
- HG Infra EV/EBITDA
- ~10×
- HG Infra Order Book
- ₹13,933 crores